NATWEST GROUP PLC -SPON ADR (NWG) Stock Technical Analysis
NYSE:NWG - New York Stock Exchange, Inc. - US6390572070 - ADR - Currency: USD
Taking everything into account, NWG scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Looking at the yearly performance, NWG did better than 85% of all other stocks. We also observe that the gains produced by NWG over the past year are nicely spread over this period.
NWG is part of the Banks industry. There are 394 other stocks in this industry. NWG outperforms 90% of them.
NWG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NWG is lagging the market slightly.
NWG has an average volume of 5049930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month NWG has a been trading in the 12.91 - 14.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, NWG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 13.38, a Stop Loss order could be placed below this zone.
More info and screens
10.53
14.65
When analyzing the support we can see 6 important areas.
- A support zone ranging from 13.26 to 13.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.00 from a horizontal line in the daily time frame.
- Support @12.57 from a trend line in the weekly time frame.
- Support @12.08 from a trend line in the daily time frame.
- Support @11.31 from a trend line in the weekly time frame.
- Support @10.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.44 to 14.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NWG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NWG is down. |
| ChartMill Relative Strength | 85.36 | POSITIVE | NWG has a high relative strength, it outperformed 85.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NWG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NWG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.44 | NEUTRAL | The RSI value for NWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NWG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.69 | NEUTRAL | The Stochastics value for NWG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for NWG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.21 | NEGATIVE | The low ADX value for NWG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.65 | 13.25 | 0.40 (2.93%) | 25.00% |
| An entry @13.65. This is a Buy Stop order right above the 10 day high. | An exit @13.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.40 points, which is 2.93%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- The distance between exit and entry is rather small compared to the average daily movement of NWG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.41
+0.1 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.75%
1 Week-1.54%
2 Weeks3.07%
1 Month-4.42%
3 Month9.29%
6 Month31.34%
12 Month53.08%
2 Year111.18%
3 Year115.6%
5 Year385.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.17%
ATR Inc-47.41%
Range Today0.15
ADR(20)0.17
ADR(20)%1.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.36
Mansfield1.18
10 Day High13.64
10 Day Low13.16
20 Day High14.22
20 Day Low12.91
52 Week High14.55
52 Week Low8.08
CS1 End13.38
CR1 Start14.44
Volume & EV
DER(3)-4.12%
DER(5)1.64%
Volume2.83M
Volume Incr-27.68%
Vol(5)3.47M
Vol(50)5.05M